Facebook hits 2 billion user mark

Facebook hits 2 billion user mark. (AP)
Updated 28 June 2017
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Facebook hits 2 billion user mark

SAN FRANCISCO, US: Facebook said Tuesday it now counts two billion active monthly users, as the social giant’s founder Mark Zuckerberg highlighted his new mission — not just connecting people, but helping them find common ground.
“As of this morning, the Facebook community is now officially 2 billion people!” Zuckerberg wrote in a post marking the milestone.
“We’re making progress connecting the world, and now let’s bring the world closer together,” he wrote. “It’s an honor to be on this journey with you.”
Facebook’s announcement came as it works to redefine its purpose, led by Zuckerberg who traveled the US this year to better understand what people want out of the social network.
“We realize that we need to do more too,” the 33-year-old said in a recent interview with CNN Tech.
“It’s important to give people a voice, to get a diversity of opinions out there, but on top of that, you also need to do this work of building common ground so that way we can all move forward together.”
The firm’s new mission statement says it seeks “to give people the power to build community.”
Zuckerberg’s message was echoed by Naomi Gleit, a vice president at the Internet giant, who credited the millions of small communities emerging within Facebook for helping drive growth.
More than a billion people take part each month in Facebook “groups” — built around everything from sporting interests to humanitarian projects, she said in an online post on Tuesday.
For Gartner analyst Brian Blau, Facebook appears to be striving to become “more of a community company than a technology company.”
He noted that Facebook’s role in last year’s contentious US election — during which social networks were awash in misinformation — may have been a motivating factor.
Founded in 2004, the social media behemoth hit the billion-user mark five years ago.
“These billion levels are significant milestones; and certainly it is a lot of people around the planet,” said Blau. “It goes to show the power of community, and how people are naturally drawn to each other.”
As it has grown, Facebook has updated features to fend off challengers such as Snapchat and adapt to trends such as the migration of news and streaming video online.
In the latest move to deepen its reach, it revealed Monday it is starting production on high-quality television series and gaming shows to be broadcast on its platform.
Working with a small group of partners, Facebook hopes to start putting out episodes of its forthcoming series by the end of the summer, Nick Grudin, the vice president for media partnerships, told AFP.
Facebook’s initiative follows similar moves by Netflix, Amazon and the online television platform Hulu — a joint venture by Disney, Comcast, 21st Century and Time Warner — who have thrown themselves into content production, as have YouTube and Apple, although on a more modest scale.
Chief among the challenges it faces, Facebook is under pressure — along with other social media giants — to tackle the proliferation of hate speech and extremist content, trolls and misinformation, while safeguarding freedom of speech.
Facebook, Microsoft, Twitter and YouTube announced Monday the launch of an anti-terror partnership aimed at thwarting the spread of extremist content online.
Each of the technology giants has been working individually to prevent its platforms or services from being used to spread extremist views.
The “Global Internet Forum to Counter Terrorism” intends to share engineering, research and knowledge to “continue to make our hosted consumer services hostile to terrorists and violent extremists,” the companies said.
Facebook this month launched a series of counterterrorism measures in the wake of attacks in Manchester and London.


PIF-backed AviLease achieves revenue of $664m and 19% growth in 2025

Updated 27 February 2026
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PIF-backed AviLease achieves revenue of $664m and 19% growth in 2025

RIYADH: Saudi Arabia’s Public Investment Fund-backed AviLease achieved exceptional performance and sustainable business growth during 2025, supported by the strategic expansion of its global platform.

According to its financial results for 2025, AviLease recorded total revenues of $664 million, an annual increase of 19 percent, driven by disciplined growth in its asset portfolio and strong performance in aircraft remarketing amid sustained global demand for modern, fuel-efficient aircraft, the Saudi Press Agency reported.

Profit before tax doubled compared to the previous year, reaching $122 million. The year witnessed an expansion in AviLease’s portfolio, reaching 202 owned and managed aircraft, leased to over 50 airline companies in more than 30 countries. 

The total value of the company’s assets stabilized at $9.3 billion. AviLease maintained a 100 percent fleet utilization rate, reflecting the resilience of its business model, the efficiency of its asset management, and the strength of its strategic relationships with airlines around the world.

AviLease concluded purchase agreements for aircraft from Airbus, including the A320neo family and A350F, and Boeing 737 aircraft, aiming to enhance its future asset portfolio with modern, fuel-efficient aircraft. This step will contribute to supporting future growth and meeting increasing customer demand for the latest aircraft, aligning with the Kingdom’s ambitions to become a leading global aviation hub.

AviLease strengthened its prestigious credit standing by obtaining a strong Baa2 credit ratings from Moody’s and BBB from Fitch, reflecting its financial solidity, managerial discipline, and efficiency in managing leverage. The company also successfully issued senior unsecured bonds worth $850 million last November under Regulation 144A/RegS. This issuance contributed to diversifying its funding sources and enhancing its financial flexibility.

Commenting on the results, AviLease CEO Edward O’Byrne said: “This exceptional performance reflects the quality of the company’s investment portfolio, the strength of its partnerships with airlines, and its strategic focus on responsibly deploying capital into highly sought-after, efficient, modern aircraft assets.”

He added: “As aviation markets continue to grow, AviLease is strategically positioned to continue its expansion plans and deliver sustainable long-term value for shareholders, contributing to the Kingdom’s ambitions.”

Throughout 2025, AviLease continued to play a pivotal role in the Kingdom’s growing aviation sector and contributed directly to the launch and scaling of the new national carrier, Riyadh Air, by completing a sale and leaseback transaction for a Boeing 787-9 aircraft, which thereby became the first aircraft to join the airline’s fleet.

AviLease also established a strategic partnership with Hassana Investment Co. This partnership aims to provide an opportunity for local and international investors to enter the aircraft financing asset class and benefit from AviLease’s technical expertise and operational capabilities to support partnership growth and enhance performance. 

Hassana Investment Co. has agreed to acquire an initial portfolio of 10 modern aircraft from AviLease.